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Morgan Stanley Investor Conference
6:45 PM ET

Safe Harbor Statement

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include our beliefs of future events and our future operating and financial performance. In some cases, you can identify these so-called “forward-looking statements” by words such as “may,” “will,” “should,” “expects,” “believes,” “estimates,” “potential,” or “continue,” or the negative of these words, and other comparable words. You should be aware that these statements are only our predictions. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. In evaluating these statements, you should consider various factors, including the risks and uncertainties listed in “Item 1A—Risk Factors” in our most recent Annual Report on Form 10-K and in other reports we file with the Securities and Exchange Commission. Our business, results of operations and financial condition may be affected by, among other things, competition; changes in consumer behavior driven by alternative methods for viewing content; a decline in advertisers’ expenditures or changes in advertising markets; our ability to keep pace with technological developments; regulation by federal, state, local and foreign authorities and changes to existing statutes, rules, regulations, or interpretations, or adoption of new ones; increasing programming expenses; consumer acceptance of NBCUniversal’s content; the loss of NBCUniversal’s programming distribution agreements, or their renewal on less favorable terms; disruptions, cyber attacks, failures or destruction of network and information systems and other technologies, as well as key properties; our ability to obtain necessary hardware, software and operational support; weak economic conditions; protecting our intellectual property rights and not infringing others’ intellectual property rights; acquisitions and other strategic initiatives; labor disputes; the loss of key management personnel and on-air and creative talent; our capital structure; and doing business internationally. We undertake no obligation to update any forward-looking statements.

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